Welcome to this week’s eFocus, RepricerExpress’ weekly round-up of ecommerce and Amazon news.
Amazon posts solid fourth quarter profit but shares dip over revenue: Dominic Rushe at The Guardian reports Amazon has had a bumper holiday season, with a 55% rise in fourth-quarter profit. Profits for the final quarter of 2016 rose to $749m from $482m a year earlier, the seventh straight profitable quarter for Amazon. Despite this, its share price fell in after hours trading after the retail and services giant narrowly missed Wall Street’s sales expectations. Continue reading…
Amazon and PayPal in talks about payments: Dan Wilson at Tamebay reports that PayPal has been talking to Amazon about payments, presumably with a view to allowing Amazon customers use PayPal to pay for marketplace purchases. PayPal CEO, Dan Schulman said, “We have been in conversations with Amazon. We’re closing in on 200 million users on our platform right now. At that scale, it’s hard for any retailer to think about not accepting PayPal.” Continue reading…
Amazon to build $1.5bn US cargo hub: BBC News reports that Amazon has announced plans to build an air cargo hub at the Cincinnati/Northern Kentucky airport to support its growing fleet of aeroplanes. Building the hub will cost close to $1.5bn (£1.19bn) and Amazon expects to create more than 2,000 new jobs when the site opens. The move signals the company’s continued expansion into transporting, sorting and delivering its own packages. Continue reading…
Retail investors pile into Amazon ahead of earnings: Ari Levy at CNBC reports that ahead of Amazon’s Q4 earnings announcement, retail investors are buying the stock at a 20 percent higher rate than they were before the prior quarterly report, according to online stock trading platform Robinhood. Robinhood said that over the previous 24 hours, investors bought Amazon stock 1.8 times more than they sold it, compared to 1.5 more buys than sells leading up to third-quarter results. Continue reading…
Walmart’s going to war with Amazon with free 2-day shipping for everyone: Chris Mills at BGR reports on the on-going battle between Amazon and Walmart for your custom. Walmart announced this week that anyone can get now free two-day shipping on over two million items at Walmart, with a minimum order value of $35, compared to Amazon’s minimum of $49. Continue reading…
Happy weekend!
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